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Which of the following is not transferred to Realisation Account:
Balance of Cash Account
Balance of Reserves
Balance of Profit & Loss Account
All of the Above
- Balance of Cash Account: Not transferred to the Realisation Account. It's used to settle liabilities and distribute the remaining to partners.
- Balance of Reserves: Is not transferred to the Realisation Account its tranfered to partners capital A/c.
- Balance of Profit & Loss Account: Is not transferred to the Realisation Account its tranfered to partners capital A/c.
- All of the Above: is correct
By: santosh ProfileResourcesReport error
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